Know-It Global
JULY 26, 2023
Offer multiple payment options Provide customers with various payment options, such as credit cards, electronic funds transfers and online payment platforms. Regularly review key performance indicators (KPIs) related to accounts receivable, such as average collection period, aging analysis, and bad debt ratio.
Know-It Global
JUNE 5, 2023
By implementing a well-structured credit control process, businesses can mitigate the risks associated with late payments and bad debts, ensuring a steady stream of revenue. Accept credit/debit card payments, electronic fund transfers, and online payment gateways.
Gaviti
JUNE 10, 2024
This should include debit and credit cards, local bank transfer, ACH/echeck, wire transfer and electronic funds transfer. This includes taking data from the collections analytics and setting credit limits in real-time, minimizing the risk of bad debt. Enable multiple payment methods.
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